Filing for Divorce First: Understanding Its Financial and Legal Benefits

Divorce is never easy, whether it occurs early or in the later years of your marriage known as a grey divorce. It will take a toll on both parties, emotionally, physically, and financially. But taking the first step might just be for your good in all aspects. Here are the possible pros of filing for divorce first.

The Financial Benefits

Taking that first step means being able to attend the proceedings while you are financially prepared. Filing for divorce first implies you had the time to gather all necessary files, such as wills, bank and investment account statements, social security cards, life insurance policies, property division, and more. Doing so gives you a better picture of your assets and debts, making it easier to divide what should be yours and what belongs to your soon-to-be-ex-wife or -husband.

Marriage Story, a movie on Netflix, perfectly shows the grueling process of divorce, which happened between the main characters, Nicole and Charlie. The former filed for divorce first, giving her the upper hand in the process. The ball was in her court since she was prepared financially, unlike Charlie, who was taken by surprise.

Just like Nicole, it pays to be financially prepared. Data show the national average cost of divorce is about $15,000 per person. Some couples even spend about $30,000 in lawyer’s fees.

The Street reports the costs of divorce vary, depending on several factors, including:

  • The hourly rate of lawyers
  • If the divorce is contested or not
  • The location where you filed the divorce, plus the local filing fees

divorce lawyer

On top of that, you also have to pay for mediation and alimony. Add the cost of child custody lawyers whether you’re from Albuquerque or Las Vegas. These are the costs you will have to face when it comes to divorce.

The Legal Benefits

If you file for divorce first, you can request a Standing Order from the court when you file the petition. Now, what is the Standing Order? It prevents the other party from doing any changes to the beneficiaries on policies. This includes pre-need purchases, like life insurance.

A Standing Order also prevents the other party from making other financial moves, be it changing bank accounts or making any modifications to retirement accounts. Some parties do this in a bid to hide assets, but a Standing Order prevents them from doing so.

Take note that the person who files the petition often presents the case first, should the matter go to a hearing. This may appear as a minor setback for you because going first somehow reveals the strategy you and your lawyer are opting for.

There are many reasons marriages end, from infidelity to physical or emotional abuse. But every beginning has an end. In the case of marriage, divorce defines its finality. To free yourself from the reins of marriage will come with problems. But just like in the game of chess, you have to come up with a strategy that will give you the success you need.

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Do You Need a Business Degree to Start a Business?

When you hear stories about how Mark Zuckerberg was a Harvard dropout, you may think that a business degree isn’t really important when you want to be an entrepreneur. If people can make it to the top of the food chain without graduating from college, surely you can do it, you may think. Well, yes and no.

Some people like Zuckerberg, Bill Gates, Elon Musk, and the late Steve Jobs have given an extraordinary talent to excel in what they do best. Some need to take a business analytics degree in Singapore or other countries to have a thorough understanding of how to run and manage a business. That’s okay. Don’t feel bad about yourself.

Innovators such as Musk are great at what they do. You can be great, too, provided you have all the necessary skills that will take you to the top. If you have the chance to further your knowledge with a business degree, why not take it? If not, you can still hone your skills and hire the right people to build your business.

A Degree Can Make the Start Smoother

Starting a business is always a scary prospect. But armed with a business degree, starting on your own as an entrepreneur may make the ride smoother. You already know the basics and the fundamentals. All you need are real-world experiences and advice from business mentors. Do you know that you can get this from the college classroom as well?

The structured environment of a classroom will allow you to experiment with your skills. You can make mistakes without financially draining consequences. You can find mentors in your professors, who are mostly entrepreneurs themselves. Businessmen often teach classes in universities and colleges because they want to offer their expertise in various fields of study. Wouldn’t it be nice to listen to these mentors without the pressure of running your startup?

With a business degree, you are in a better position to understand the basics of how a business works. You can understand basic bookkeeping and accounting. This eliminates the time you need to understand concepts and ideas.

You can just focus on conceptualizing products and services to fuel your business. You can leave the other matters to your employees. You will feel secure that you won’t be duped because you also understand what they’re working on.

Business degree

The Best Learning Come from Actual Experiences

Nothing teaches us better than experiences in the real world. Working in the industry or being an intern at a company will give you the necessary skills you need to run your own business in the future. In the real world, nothing is as structured and as protective as your college classroom. You are going to deal with real people with real interests.

Many of the skills you need to survive in the dog-eat-dog-world of entrepreneurship cannot be learned inside the classroom. Negotiating with a supplier and customer relations are the necessary evils of the real world. They don’t teach you how to deal with a customer who’s screaming their heads off because your salespeople have somehow irritated them with their constant smiling. You’re never going to learn about how to convince possible investors in college. These are the things that only real-life experiences will provide you.

If you have the chance to get a business degree, then take that opportunity. Plenty of people are missing out on the necessary soft skills because they haven’t been able to attend college. However, not having a degree should not discourage you from pursuing your goals as a future business owner. You can still learn from apprenticeship and general work experience. With dedication and hard work, you should be able to compete with the best of the best.

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The Roles and Responsibilities on a Construction Site

Because of the high demand of workers needed, the construction industry is one of the most lucrative in the world. What’s more, there are many jobs and opportunities available if decide to get into it. A construction project usually needs different people with different skills in order to make it happen.

Here are some of the construction jobs available.

Architect

The architect makes the building come to life by developing a creative solution to the client’s needs. They are in charge of developing plans, communicating the plans to the team, and ensuring that these plans are executed. They must be involved from start to finish to ensure that the client’s vision is implemented according to plan.

Construction Expeditor

The construction expeditor is in-charge of managing the flow of materials from the suppliers to the project. They work closely with companies and suppliers. They draw up plans to see what materials and equipment are needed, then order them and ensure timely delivery. A good expeditor needs to be organized and detailed to track the flow of supplies.

Construction Foreman

The foreman oversees the project on-site and tracks worker’s timecard and completion of tasks on schedule. They may also be responsible for payroll and even hiring. They may also act as a Safety Officer, and are responsible for any problems or injuries that occur on a job site.

Construction Manager

This is the person who oversees the entire project from start to finish. The managers are responsible for overseeing planning, budgeting, and progress reporting. They must be on-call at all times to ensure that everything is going smoothly. They must also constantly update the client on the building progress.

Construction Worker

The construction workers are the backbone of every project because they are the ones that make a vision a reality. They need to have a variety of skills, because one day they can be demolishing old structures, and operating heavy machinery the next. They are also required to perform other typical construction tasks, understand instructions set up by their supervisors, and collaborate well with other team members.

Engineer

Engineers use science and math to come up with solutions to construction problems. They often specialize in different types of construction like buildings, electrical, mechanical, or highways. They use computer software to create plans for projects, as well as regularly travel to job sites to ensure proper implementation.

Electrician

What’s a building without electricity? The electrician is in charge of putting up electrical connections such as installing wiring and ensuring that the wires will function. They are expected to be master troubleshooters because most of their jobs require fixing problems that need a high level of problem-solving skills and critical thinking.

Estimator

Engineer in construction site

The estimator is in charge of coming up with budgets on the cost of materials and labor for the project. They need to be fully versed in the project and be able to quantify it using metrics.

There are more jobs available in the construction sector. Find the ones that suit you and cater to your needs and skills, and you can flourish in this industry.

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Things that You Should Know When Joining a Franchise

Buying a brand-new business means shelling out some hard-earned money. It doesn't matter if it's a start-up business of your own or a restaurant franchise that's for sale. You will spend a lot of money, especially when trying to buy or obtain it.

Today, we will discuss some of the most common risk factors that you have to consider when buying a new franchise. This is your hard-earned money that we are talking about, and you want to know everything before investing.

Going with the Fad

It's always tempting to go with the fad when it comes to starting a business. However, doing so is not always the brightest idea, as your business will only appeal to the audience for a while. Sure, you will have a lot of customers when the fad is still in, but what are you going to do once the trend dies down?

If the business has been around for quite some time and people are swarming over it, then that is a good sign that it is not just about going along with what's on-trend.

Not Choosing the Right Location and Season

Location is everything when it comes to any business. You want to make sure that you will be able to correctly position your business where your target market can easily see and reach you. If it is too far from them, then they will look for another shop with a similar business near their area instead.

Another risk factor that you have to consider is the seasonality. For example, if you offer ice cream in a cold city or country, then it will not work. Make sure that the seasonality will fit your business so that it will not be a total waste.

Financial Risks

Well, this one comes with any business and not just with franchises. There is always a risk that your capital will not turn into profit, as you are not sure if the target audience will love your business model just as much as they love the competitor's products and services.

This is why it is essential to study the pros and cons of a business and why it is equally important to come up with a unique concept that will last for a long time and not just for one season.

The Economic Problems

Just like with the financial risk, experiencing economic problems is always a considerable risk when it comes to opening or starting a business. The recession has been an issue in the United States for a couple of years now, and while a lot of companies are overcoming it, some start-up businesses are having a hard time working with it.

Franchising, just like with any other business, is always a huge risk. However, if you really want to succeed, then you should be willing to take these risks. Always do your research first and talk with the experts so that you can be sure that you will be able to surpass these challenges and risks.

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Crucial Steps to Teaching Your Children a Second or Third Language

We marvel at people who know how to speak a language other than their own. We look at multilingual people differently because they are unique in that way. That’s why we admired Natalie Portman more when we learned she’s fluent in English, Hebrew, Japanese, German, and Spanish. How can someone be that beautiful, successful, and learned in many languages? Well, it has nothing to do with her beauty. She may have a facility for languages, but she also worked hard to learn these.

One way for your children to learn German, for example, is to use German books appropriate for teachers. These books will teach you how to impart knowledge to your kids. They will guide you on the different stages of learning a language. Also, they will give access to activities that will encourage learning and understanding.

Get Started Early

The best time for your kids to start learning a second language is when they are ten months old. This period is the time when they are beginning to narrow down the range of sounds that they hear. Every infant is born with the natural ability to mimic sounds. But it is not until they are in their tenth month that they can mimic what they hear.

If you live in a bilingual or multilingual home, assign someone to speak to your child in the second language. That will immerse the baby well in the sounds of the other language. If you haven’t begun teaching your children a second language in the first year, start when they’re about two or three. That will give them the chance to “perfect” the first language before moving on to the second or third language.

hello in english and spanish

Enroll in a Class

You will find it hard to teach your children a second language if no one speaks it at home. You can find a class that will introduce a language to a two-year-old. You can even enroll in it yourself so you and your kid can learn together. Other courses provide lessons for kids of preschool age and older.

Make sure that the instructor is a native speaker and uses activities that are fun and engaging. You should check the class’s duration. Some courses last for 45 minutes while others go as long as 90 minutes. Ask if you can observe the class first so you can gauge if it’s the right one for your child.

Learn at Home

Classes are a good foundation for learning a new language. But as parents, you need to help in learning this new language at home, too. Expose your children to foreign-language movies, music, and TV shows. Make sure these are appropriate for young children. You should also help your kids find an overseas pal or invite foreign-speaking friends to your home.

If it’s possible, take your kids to a culture trip to a place that uses the language, such as Rome, Paris, or Spain. That will give them a sense of understanding of what they are trying to learn. It will also make them appreciate the privilege of learning a new language.

There are many benefits to being bilingual or multilingual. It will widen your kids’ horizons. They will be more sensitive to other people’s cultures and traditions and will feel more connected to their heritage. Investing in your children’s language skills will go a long way toward developing their social, cognitive, mental, and emotional abilities.

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